What is CalSavers? We explain in less than a minute
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- čas přidán 29. 11. 2018
- CalSavers will allow workers who aren't offered retirement plans through their employer to save for retirement.
Video by: Alyssa Hodenfield
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They took money for this from my paycheck for a oncall part time job, wihout asking me if I wanted this, then the CALSAVERS never sent anyting within 30 days to opt out as they leglly should they said to opt out with no fees. Then CASavers charges fees to get your uapproved money out from their accounts to roll over the money into another IRA or your bank whem you opt out and admit they were legally supposed to give opt out waiver within 30 days but never did that. Plus IRS will charge a penalty if you also have your own business self employed and put max $6500 in a ROTH IRA already- yet 6 mo into the year CASAVErRS started in May and added money from your check to them without approval. So many may incur IRS fees also I think 6% or more. It totally seems illegal and crazy CA is allowed to do this. Some legal firm should file a case, against the CA gov't and CASAVERS for this raquet.
same thing happened to me thats why im here
@@shaheeddolchey yes ridiculous so then you have to roll it over to a Roth rollover IRA if you end the plan and tell them you never wanted it bc prior they already started their account for your - and took out of your paycheck. Call and say don’t continue and to avoid tax fees you have to transfer to rollover and then the Cal save takes out their own fees. 🙃
@@yogaisforeveryone thank you i apricate this info. I will call them first thing in the morning. Its ridiculous that they take out there own fees
@@shaheeddolchey yeah there seems like some weird scam from the California government that they’re automatically having employers enroll you when you didn’t even agree and then they didn’t send the forms and then they charge fees to get out but just make sure you don’t get tax. they’ll tell you how to do it for the “rollover” Roth IRA or ask an accountant. If you just take the $ out withdraw you will have their fees plus IRS fees.
Best if you go with a traditional 401k
you are missing the point..